The bank's former head of global financial institution sales left early this week, and is understood to be joining a new bank in Asia after a period of gardening leave.

Carsten Stoehr, Standard Chartered’s global head of financial markets sales, has left the bank for another unnamed financial institution in Hong Kong, according to a source familiar with the matter.

Stoehr left the bank on Monday and has been placed on gardening leave for a six-month period while StanChart sound out a successor, which is expected to be announced in the coming days, the source said.

A spokesman...

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